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The balance of power in the US housing market will shift from sellers to buyers by 2019, according to experts surveyed by Zillow.. attracted by historically low mortgage rates and steady jobs.
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2018-07-26 · The U.S. housing market. so the housing crunch is still a serious problem. “Inventory has increased quite a bit,” Godwin,
Senior housing demand strong but builders face high lumber prices. The 55+ housing market showed continued strength in the first quarter on healthier economic conditions, but high lumber prices are causing hurdles for homebuilders trying to keep up with consumer demand.
2016 was a stellar year for real estate. See our housing market forecast to find out if real estate will be a good value in 2018.. Housing market forecast : Experts weigh in on 2018 real estate.
Inventory shortages will drive the housing market: Inventory will remain a major concern in 2018, continuing to play a significant role in pushing up prices. It will create particularly strong headwinds for first-time home buyers, who don’t have the benefit of profits from a prior home sale to boost their down payments and make them more competitive .
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Unsold inventory is now at a 4.2-month supply at the current sales rate, versus 4.8 months a year ago and the 6.0-month supply typically associated with a more balanced real estate market. One positive aspect was an increase in first-time home buyers who comprised 33% of buying volume compared to 32% in June.
There is a silver lining to a construction shortage, however: The housing market avoids a construction glut that overproduces, which can cause problems in a future economic downturn. "Normally you have an oversupply (of properties) – that’s what happened in the last crash," Ron says.
Given the hugely consequential supply problems in Brazil and Australia, moreover, China has struggled to buy. commodities.